For nearly thirty years, the flickering orange-on-black screens of the Bloomberg terminal have been omnipresent on trading floors and executive suite desks, maintaining a vital lifeline of data and communication. But now cost-effective competitors like Alpha Terminal have trimmed the data terminal fat, focusing instead on what investors and traders value the most.

As central banks move away from ultra-loose monetary policy, and the global economic expansion matures, bond fund managers will need to ensure their portfolios draw on a truly diverse range of sources of return and carefully consider portfolio risk if they are to generate yield in the current market environment.

QE a factor in record pension scheme closures, says NAPF

New staff in the private sector face "next to no chance" of joining a final-salary pension scheme, according to the National Association of Pension Funds (NAPF), after a survey suggested the closure of such schemes is accelerating.

The NAPF's annual survey - of more than 1,000 schemes run by 280 private sector firms - found that only 13% were still open to new joiners, down from 19% in 2011.

Meanwhile, 31% were now closed to existing staff as well, up from 23% the previous year.